Saturday, November 25, 2006

What are economists saying about the Stern climate change report?

Respected Yale economist, Bill Nordhaus, calls the results "bizarre." See Greg Mankiw's quote of Nordhaus' review here. Mankiw's post includes a link to Nordhaus' review and to economist Tyler Cowen's post on Nordhaus.

UPDATE: Cambridge economist Partha Dasgupta also pans Stern. He uses the phrase "patently absurd." Another choice quote: "the strong, immediate action on climate change advocated by the authors is an implication of their views on intergenerational equity; it isn't driven so much by the new climatic facts the authors have stressed." As Mankiw says, Dasgupta also has the credentials to comment.

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